Lockheed martin missiles and fire control

By Matthew Rocco Published August 14, 2018 Defense FOXBusiness Facebook Twitter Comments Print video Lockheed Martin CEO: We’re excited about Trump’s workforce pledge Lockheed Martin CEO Marillyn Hewson discusses how her company has joined President Trump’s initiative to help American workers. The U.S. Air Force has awarded a second hypersonic weapons contract to Lockheed Martin to begin designing another prototype of a super-fast missile. Continue Reading Below Lockheed Martin’s contract is not to exceed $480 million, and work on the air-launched rapid response weapon (ARRW) is scheduled to be completed by November 2021, the Air Force announced this week. The contract falls under the company’s missiles and fire control business located in Orlando, Florida. A hypersonic weapon would be able to travel at speeds of at least Mach 5, or five times the speed of sound. “We are going to go fast and leverage the … [Read more...] about Lockheed Martin, Air Force reach deal on $480M hypersonic weapons contract

Published July 24, 2018 Earnings Reuters Facebook Twitter Comments Print video Earnings creating a lot of value in market: investment strategist Strategas Research Partners CEO Jason Trennert provides insight into the earnings season so far. July 24 (Reuters) - Lockheed Martin Corp beat expectations for quarterly profit on Tuesday and raised its forecast for the rest of the year, helped by higher demand for its F-35 fighter jet. Continue Reading Below The Pentagon's No.1 weapons supplier raised its 2018 net sales forecast to a range of $51.60 billion to $53.10 billion, from a range of $50.35 billion to $51.85 billion. Full-year profit is now expected to be between $16.75 to $17.05 per share, compared with its earlier estimate of $15.80 and $16.10 per share. Shares of the company rose 1.5 percent to $322.86 in premarket trading on Tuesday. Revenue from the company's missiles and fire control business, which also makes PAC-3 missiles, … [Read more...] about Lockheed Martin beats profit estimates, raises 2018 forecast

BERLIN (Reuters) – European missile maker MBDA prefers to form cooperation agreements with U.S. companies instead of using takeovers to gain access to the large U.S. arms market, Chief Executive Antoine Bouvier told Reuters in an interview. MBDA is jointly owned by Airbus Group <AIR.PA>, Britain’s BAE Systems <BAES.L> and Italy’s Leonardo <LDOF.MI>. “It is not in our plan to take over U.S. companies. There is a very tight regulation and our view is that to partner with large U.S. companies is the preferred option, Bouvier said in an interview on the sidelines of the ILA Berlin Air Show. He said MBDA would pursue cooperation deals inside and outside the United States, but did not name potential partners. MBDA has faced stiff challenges in selling its Brimstone missiles and other equipment in the U.S. market, which constitutes about 40 percent of the world missile market, excluding Russia and China, he said. Bouvier noted that MBDA was already … [Read more...] about Missile maker MBDA plans tie-ups not takeovers in U.S. push

BERLIN (Reuters) – U.S. arms maker Lockheed Martin Corp <LMT.N> and Europe’s MBDA hope to finalise a contract with the German government by the end of the year for a new air and missile defence system worth billions of euros, a top Lockheed executive said on Wednesday. MBDA’s German unit and Lockheed formed a 60-40 joint venture in March to press ahead with the new TLVS defence system after years of negotiations with the German defence ministry. The German defence ministry announced in 2015 that it had chosen the Medium Extended Air Defence System (MEADS) — developed with $4 billion (3 billion pounds) in funding from Germany, Italy and the United States — over Raytheon Co’s <RTN.N> Patriot system. TLVS is the German version of MEADS. However, the two sides have been struggling to work out the details and terms of the programme ever since. Frank St. John, who took over as executive vice president of Lockheed’s Missiles and Fire … [Read more...] about Lockheed, MBDA eye German missile defence contract by year-end

[STK] NYSE:LMT[IN] ARO HMS HTS CPR[SU] CCA ERN ERP MATTO BUSINESS EDITORS:Lockheed Martin Reports First Quarter 2018 ResultsBETHESDA, Md., April 24, 2018 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) today reported first quarter 2018 net sales of $11.6 billion,compared to $11.2 billion in the first quarter of 2017. Net earningsin the first quarter of 2018 were $1.2 billion, or $4.02 per share,compared to $789 million, or $2.69 per share, in the first quarter of2017. Cash from operations in the first quarter of 2018 was$632 million after pension contributions of $1.5 billion, compared to$1.7 billion of cash from operations in the first quarter of 2017."Strong operational and program execution in the first quarter allowedus to increase our financial guidance for sales, profit and earningsper share," said Lockheed Martin Chairman, President and CEO MarillynHewson. "Our team remains dedicated to performing with excellence,offering affordable and innovative … [Read more...] about Lockheed Martin Reports First Quarter 2018 Results